February 26, 2015
Reducing consumer food waste could save between US$120 and 300bn per year by 2030, according to a new report by WRAP and the Global Commission on the Economy and Climate. To achieve this would require a 20-50% reduction in consumer food waste.
One third of all food produced in the world ends up as waste, while the value of global consumer food waste is more than US$400bn per year. As the global middle class expands over the course of the decade, the cost could rise to US$600bn, according to new research conducted by WRAP for the Global Commission.